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I am a long term holder of TGS and have just been riding the bumps... (I also hold Moto on TSX who are operating and also deeply effected by the govt review).
Both companies I believe have unbelievable upside - building fantastic resources and the current share prices do not nearly do them justice.
I will be the first to admit, they are both very high risk with the review taking place, but I think the upside in the case of them being allowed to continue doing what they are doing through to developement of their resources is multi-bag material on current prices. I am willing to tke a punt on that, stand to gain far more than would lose imho.
It is very frustrating... this waiting game that we are currently in, and I think it would be in the govt's best interest to finish their review in the near term. The longer it drags out only highlights to other potential investors in the DRC that the govt is a major risk and could ward off these investors. Keeping the companies in the dark for so long is a disgrace with stated dates being passed without merely any explanation from the govt.
Now thats what has me concerned.
In the case of TGS I believe it would be crazy to list on the TSX until all this garbage is sorted out because there is still great concern in canada about the above review. Just look how companies operating in the congo have fared on the TSX.
IMO they should just continue proving up the resource and save the resource statements until it is worked out too.
The Govt is sitting on its hands while these companies are still putting money into these projects all the whilst threatening to pull the rug out from under them. They should finalise all this ASAP and really start working with these companies as then and only then will they really start to reap the benefits.
GL to all holders - just my rant for the month :)